LOFOTEN SEA SERVICE AS

8310 KABELVÅG

Finances

Share Ownership

Return on Equity

19,81 %

Current Ratio

2,52

Debt-to-Equity Ratio

−1,5

Key figures (NOK)	2022	2021	2020	2019
Revenue	2 572 000	2 342 000	416 000	2 702 000
Net Income	−570 000	468 000	−1 244 000	−871 000
Total Assets	1 689 000	2 633 000	1 669 000	2 126 000
Total Equity	−2 878 000	−2 307 000	−2 776 000	−1 531 000

Income (NOK)	2022	2021	2020	2019
Revenue	2 572 000	2 342 000	416 000	2 702 000
Expenditure	2 889 000	1 648 000	1 425 000	3 344 000
Operating Profit	−316 000	694 000	−1 011 000	−643 000
Financial Income	0	0	0	0
Financial Costs	254 000	226 000	234 000	228 000
Financial Balance	−254 000	−226 000	−234 000	−228 000
Earnings Before Tax	−570 000	468 000	−1 244 000	−871 000
Tax	0	0	0	0
Net Income	−570 000	468 000	−1 244 000	−871 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 068 000	1 290 000	1 512 000	1 758 000
Total Current Assets	621 000	1 343 000	157 000	368 000
Total Assets	1 689 000	2 633 000	1 669 000	2 126 000
Total Retained Equity	−3 378 000	−2 807 000	−3 276 000	−2 031 000
Total Equity	−2 878 000	−2 307 000	−2 776 000	−1 531 000
Total Long-Term Debt	4 322 000	4 757 000	4 100 000	3 420 000
Total Current Debt	246 000	184 000	344 000	238 000
Total Equity and Debt	1 689 000	2 633 000	1 669 000	2 126 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	2 572 000	892 000	416 000	2 702 000
Other Income	0	1 450 000	0	0
Revenue	2 572 000	2 342 000	416 000	2 702 000
Cost of Goods Sold	31 000	11 000	1 000	84 000
Salary Costs	844 000	342 000	468 000	858 000
Depreciation	222 000	222 000	246 000	248 000
Impairment	0	0	0	0
Expenditure	2 889 000	1 648 000	1 425 000	3 344 000
Operating Profit	−316 000	694 000	−1 011 000	−643 000
Financial Income	0	0	0	0
Financial Costs	254 000	226 000	234 000	228 000
Financial Balance	−254 000	−226 000	−234 000	−228 000
Dividends	0	0	0	0
Net Income	−570 000	468 000	−1 244 000	−871 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	67 000	125 000	183 000	265 000
Total Tangible Assets	1 068 000	1 290 000	1 512 000	1 758 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	1 068 000	1 290 000	1 512 000	1 758 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	525 000	1 308 000	94 000	313 000
Total Current Assets	621 000	1 343 000	157 000	368 000
Total Assets	1 689 000	2 633 000	1 669 000	2 126 000
Total Equity	−2 878 000	−2 307 000	−2 776 000	−1 531 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	4 322 000	4 757 000	4 100 000	3 420 000
Creditors	23 000	68 000	105 000	21 000
Unpaid Taxes	39 000	25 000	32 000	36 000
Dividends	0	0	0	0
Other Current Debt	184 000	90 000	207 000	180 000
Total Current Debt	246 000	184 000	344 000	238 000
Total Equity and Debt	1 689 000	2 633 000	1 669 000	2 126 000

Financial indicators	2022	2021	2020	2019
Return on Equity	19,81 %	−20,29 %	44,81 %	56,89 %
Debt-to-Equity Ratio	−1,5	−2,06	−1,48	−2,23
Operating Profit Margin	−12,29 %	29,63 %	−243,03 %	−23,8 %
Current Ratio	2,52	7,3	0,46	1,55
Quick Ratio	2,52	7,3	0,46	1,55
Equity Ratio	−1,7	−0,88	−1,66	−0,72
Gross Profit Margin	98,79 %	99,53 %	99,76 %	96,89 %